1. Buyers should negotiate the buyer’s agent’s compensation in detail and prior to looking at any homes
2. Sellers and listing agents should concede funds directly to the buyer to be disbursed at the buyer’s discretion to compensate the buyer’s agent
Much more discussion at the above link.
Of course I love this idea. As I have stated before, I believe this is inevitable and an excellent way to protect the consumer and reduce conflicts of interest for real estate agents. These changes are going to continue to be met with great resistance as most fear change. That said, change is coming and if we embrace it and work together to make these positive changes, not just the consumer, but agents and their firms will benefit from this reform.